Translation: "When this is over, all hell’s gonna break loose"
Behold the wonders of China's reckless money printing in action:
http://chovanec.wordpress.com/2011/09/0 ... le-deluge/
Yes, those are photos of the new corporate headquarters palace of state-owned Harbin Pharmaceutical, in northeast China.
Après nous, le déluge
Moderator: Global Moderator
Après nous, le déluge
Last edited by Gumby on Fri Sep 09, 2011 1:04 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Après nous, le déluge
It makes the RBS head quarters in Edinburgh look like restrained good taste.
I heard the former head of research at GSK (a UK pharma company) say that the key improvement he could recommend for the pharma industry would be to forget the water features.
The tragic thing is though that building that awful palace in China has not wasted anything over and above having 9% unemployment in the USA or in Europe. There is literally nothing to show for that unemployment. Not even a moronic palace.
I heard the former head of research at GSK (a UK pharma company) say that the key improvement he could recommend for the pharma industry would be to forget the water features.
The tragic thing is though that building that awful palace in China has not wasted anything over and above having 9% unemployment in the USA or in Europe. There is literally nothing to show for that unemployment. Not even a moronic palace.
"Good judgment comes from experience. Experience comes from bad judgment." - Mulla Nasrudin
Re: Après nous, le déluge
Is that not what a "worker's paradise" is supposed to look like?
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Après nous, le déluge
In the spirit of funny China news, here's one that's floating around the Internet today.
Luxury Boat Launches, Sinks Immediately [VIDEO]
Maybe they need a floating currency
Luxury Boat Launches, Sinks Immediately [VIDEO]
Maybe they need a floating currency
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Après nous, le déluge
And today... China's top fighter jet nose-dived into the ground during a highly publicized airshow. Unfortunately, one of the pilots didn't make it out.
Chinese fighter jet nose-dives into field at show [VIDEO]
Something tells me China's upcoming aircraft carrier is going to have a few glitches.
Chinese fighter jet nose-dives into field at show [VIDEO]
Something tells me China's upcoming aircraft carrier is going to have a few glitches.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Après nous, le déluge
Nothing the spirit of Mao can't overcome, I'm sure.Gumby wrote: Something tells me China's upcoming aircraft carrier is going to have a few glitches.
It's funny how skeptics in a society like that are often perceived as contributing to the problems in implementing the master plan, rather than helping everyone to see that the master plan has some flaws that ought to be addressed before proceeding too far with it.
That business recently of the Chinese train crash where the authorities had the cars buried with survivors literally still inside trying to get out was really chilling.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Après nous, le déluge
MT,
There were people still alive when they buried it?
WTF?!
There were people still alive when they buried it?
WTF?!
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Après nous, le déluge
As I recall, they pulled survivors from at least one car after the burying had started on the other cars.moda0306 wrote: MT,
There were people still alive when they buried it?
WTF?!
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Après nous, le déluge
James Rickards, who I respect greatly, recently tweeted that China was in the process of imploding. Judging by that pure opulance, I think that he may be right.
Re: Après nous, le déluge
I thought this MMT take on the China stituation was interesting:
http://bilbo.economicoutlook.net/blog/?p=16523
"Net exports contribute a small component of real GDP growth which puts the popular conception that China is an export-led economy into an entirely different light. It is not. The Chinese government is using public spending to achieve strong domestic growth with provides income growth (and rising savings) to the private sector which, in turn, spawns strong private domestic growth.
An almost blueprinted fiscal strategy. If the West followed this pattern and eschewed all the ideological baggage that neo-liberalism has dropped on us then we could very quickly look like this. We would run out of idle resources before China but at present the West has mountains of idle labour – millions of people desperate for work – that should be absorbed back into productive employment.
We are not doing this because we are stupid."
http://bilbo.economicoutlook.net/blog/?p=16523
"Net exports contribute a small component of real GDP growth which puts the popular conception that China is an export-led economy into an entirely different light. It is not. The Chinese government is using public spending to achieve strong domestic growth with provides income growth (and rising savings) to the private sector which, in turn, spawns strong private domestic growth.
An almost blueprinted fiscal strategy. If the West followed this pattern and eschewed all the ideological baggage that neo-liberalism has dropped on us then we could very quickly look like this. We would run out of idle resources before China but at present the West has mountains of idle labour – millions of people desperate for work – that should be absorbed back into productive employment.
We are not doing this because we are stupid."
"Good judgment comes from experience. Experience comes from bad judgment." - Mulla Nasrudin